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6-month loan repayment moratorium: No need to apply, interest will be accrued

BNM has issued a FAQ on the six-month loan repayment moratorium, which clarified that borrowers need not apply as the process is automatic. The central bank also clarified that the interest will continue to accrue during the deferment period. This could result in higher subsequent instalment amount or an extension ... Read More

Automatic six-month moratorium on all bank loans

Automatic moratorium on loan repayments will be granted to small and medium enterprises (SMEs) and individuals — an additional measure taken by Bank Negara Malaysia to relieve the burden on businesses and households that are expected to be affected by the COVID-19 outbreak. The central bank has written to the ... Read More

Please include property management as essential service

Malaysia's Movement Control Order (MCO) currently taking place to curb the spread of the COVID-19 virus outbreak in the country must include property management in its list of essential services. "This is a major issue. Property management is not considered an essential service although it ensures all services such as ... Read More

proposed-development-by-grandplalms-development

UPCOMING: Bukit Mertajam / WHH Land

Yet another proposed residential development by Grandpalms Development Sdn. Bhd. (subsidiary of WHH Land) at Bukit Mertajam. Located along Jalan Machang Bubok, this development is only a mere minutes drive from Bukit Mertajam town centre. Neighboring communities include Tropicale Residency, The Navens, Hillpark Residences, and a few others. This development comprises three ... Read More

Penangites cannot cross the bridge without valid reason

Penangites living on the island are advised not to go to the mainland side of the state without a valid reason, Northeast District Police chief Assistant Commissioner Soffian Santong said today. He said police will conduct a roadblock at the entrance to the Penang bridge and stop those without valid ... Read More

SITE PROGRESS: Triuni Residences (March 2020)

About Triuni Residences The third phase of The Sanctuary development, featuring three residential towers, with a total of 552 condominium units. It is strategically located within the established township of Batu Uban, next to The Sanctuary (Phase 1). Just a mere minutes drive from University Science Malaysia and Penang bridge. Find ... Read More

Penang property sector in losses if movement control order extends

Contractors and developers in Penang will suffer losses amounting to hundreds of millions of ringgit if the Movement Control Order (MCO) period is extended. Penang Master Builders & Building Materials Dealers Association adviser Datuk Lim Kai Seng said there was at least RM5bil worth of construction jobs being carried out ... Read More

Virus scare makes things gloomier for property sector

There is a fear among people in the real estate business that the Covid-19 scourge will make bad times worse for the sector, which has in recent years already been grappling with problems associated with a soft market. Nearly a dozen real estate agents told FMT that inquiry calls have ... Read More

UPCOMING: Tanjung Pinang / Zenith Urban Development

A newly proposed serviced residence development by Zenith Urban Development Sdn. Bhd. within the established township of Tanjung Pinang. Located adjacent to Marinox Sky Villas and The Tamarind Executive Apartments, overlooking the STP2 man-made island. Is only a mere minutes drive from Gurney Drive, less than 10km to the tourist ... Read More

SITE PROGRESS: The Amarene (March 2020)

About The Amarene Part of Ideal Vision Park development by Ideal Homes in Bayan Lepas, Penang. This development is strategically located along Jalan Tun Dr. Awang, adjacent to Tree Sparina condominium. It is just a mere minutes drive to Straits International School and Penang International Airport. Featuring a 35-storey condominium that ... Read More